Housing Collapse PaperAfter reading Special Topic 5, write a 2-page paper answering the following:Why did housing prices rise rapidly during 2002 – 2005?Why did the mortgage default rate increase so sharply during 2006 and 2007 even before the 2008 – 2009 recession began?What did the Community Reinvestment Act have to do with the housing bubble and collapse?Cite your sources as needed. Use APA formatting.View your assignment rubric. INSTRUCTIONSInstructionsThis quiz is comprised of 10 multiple choice questions from chapters 5 and 6.Force CompletionThis test can be saved and resumed later.Due DateThis Test is due on December 29, 2020 11:59:00 PM CST.Click Begin to start: W3 Quiz. Click Cancel to go back.W3 QuizClick the link above to take your quiz.W2 AssignmentHere’s a link to your week 2 assignment details: Changes to Supply, Quantity Supplied, Demand, and Quantity DemandedClick here for the Microsoft Word version of the assignment.Changes to Supply, Quantity Supplied, Demand, and Quantity DemandedUsing the table, for each line item and its associated column, describe how the market for each specific product will be affected by the associated event indicating whether it will rise, fall, or no change. For example, in the first line item for the market of corn, based upon the event of a severe drought, the price will either rise or fall or no change, demand curve will shift left (fall) or right (rise) or no change, supply curve will shift left (fall) or shift right (rise) or no change, quantity demanded will rise, fall, or no change, and quantity supplied will either rise, fall, or no change. EventMarket for:PriceDemand CurveSupply CurveQuantity DemandedQuantity SuppliedA severe drought hits the Midwest corn growersCornThe U.S. government reduces taxes on imported lumberNew Home BuildingThe federal government raises the minimum wage from $7.25 per hour to $11.00 per hourMinimum wage jobsTechnology improves for automobile assemblyAutosW2 QuizClick the link above to take your quiz.

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